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L.A. County wants to cap rent hikes at 3%. Landlords say that would push them to sell
(www.latimes.com)
this post was submitted on 09 Jun 2024
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"That sounds like an Atlanta problem" one can only reasonably address this issue locally/regionally. To paint broad strokes with the national average is CRAZY disingenuous given addressing inventory deficiencies isn't like shipping a widget from Omaha to Los Angeles.
Most people need to not worry about the national average because it is skewed (speaking of - what is the actual distribution?) - they need to worry about wherever they actually are.
ETA addressing the last paragraph of your comment: agreed! That is something to be celebrated. Wallowing in doomerism certainly doesn't help anyone but let's also not pretend this isn't a very real problem people face (home unavailability).